What exploration opportunities are there in North Africa, from Morocco via Algeria and Libya to Egypt?
Below ground, these countries show different stages of exploration maturity.
Offshore Morocco has been quite active in leasing terms recently and is perceived as a Frontier province.
Algeria has ‘always been open’ and now most plays and basins look quite Mature in exploration terms.
For Libya, one would say that the Offshore is also a Frontier province. Onshore, whilst there is a long history of exploration and production, not all the significant basins have been equally explored, and there is a case to agree that exploration has, for the past several decades, not benefitted from the latest technologies.
Similarly to Algeria, Egypt has ‘always been open’ and most plays look quite Mature in exploration terms, although again there is a case that some modern technologies still have a role to play – for example sub-salt imaging in the Gulf of Suez and Full Tensor Gravimetry onshore.
And the Eastern Mediterranean Frontier has seen considerable excitement in the last year or two, with major - in fact, huge - gas discoveries; an 'exploration Spring' is well under way.
Above ground, of course there are some significant issues to contemplate, in particular with political and security stability still to result in Libya and Egypt in the wake of the ‘Arab Spring’.
This Forum will examine whether or not we should anticipate an imminent ‘exploration Spring’ in the region, in particular whether further large discoveries can be foreseen, and if so, where?
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David Bamford is 63. He is a non-executive director at Tullow Oil plc and has various roles with Parkmead Group plc, PARAS Ltd and New Eyes Exploration Ltd, and runs his own consultancy. He writes regular articles for OilVoice and ROGTEC and is a co-founder of Finding Petroleum.
He retired from BP in 2003, after a 23 year career spent initially in research & technology, then the geophysics function, business unit leadership, and finally BP's global exploration programme.
Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on the latest technological developments. It does this via hosting regular events, distributing their colour magazine - Digital Energy Journal, and with an online social network of nearly 700 members.
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Dr Clint joined Sanford C. Bernstein in 2004 and was part of the Energy Team with Neil McMahon covering the Global Integrated Oil sector.
Currently he is the Senior Research Analyst covering the European E&P and Russian Oil & Gas sectors. The Bernstein Energy franchise has become well known due to both the provocative commentary on the commodities and oil stocks, as well as the innovative research that forms the core of their frequent publications. Previously, he worked as an accountant and consultant for KPMG covering energy, gas, and chemical sectors. Dr Clint received his PhD in Geophysics from University College London where he specialised in sub-surface rock physics and is also a Chartered Accountant.
Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.
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Dr Neil Hodgson joined Spectrum in June 2012, having previously worked for BP, BG and Premier Oil in a number of Exploration Geology roles over a 25 year career. His last role prior to joining Spectrum was as Exploration Director for Matra Petroleum. Neil is focussed on developing the understanding of hydrocarbon plays in the areas of Spectrum's Library, and finding new ways for Spectrum to do business. He manages Spectrum's Geology, Geophysics and GIS technology team located in the UK office. Neil is British and lives in Hampshire, England.
Spectrum
The Spectrum Group of companies provides high-quality Multi-Client and expert Seismic Imaging from offices in four continents. These complementary product lines make it possible for the company to offer the oil and gas industry a full range of integrated seismic services.
In September 2011 the company completed the purchase of the Marine 2D Multi-Client library of CGGVeritas. Spectrum now holds the world's second-largest Multi-Client library of 2D marine seismic.
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LPD Risk Management Ltd assists organisations recognise and mitigate a wide range of political, social and security risks. We help manage the causes of security breakdown by delivering integrated, ethical and cost-effective prevention strategies.
LPD has unrivalled experience, particularly in high-risk environments. Our three founding Directors and Chief Operating Officer have more than 150 years practice between them and have worked in over 70 countries. LPD works with associated specialist partners and a global network of knowledgeable consultants.
On behalf of our clients we seek to achieve common purpose with host governments, local communities, NGOs, regional investors and stakeholders in the development and implementation of sustainable and holistic risk management strategies.
We have extensive experience implementing the United Nations Guiding Principles for Business and human rights ("The Ruggie Principles") and the practical application of the Voluntary Principles on Security and Human Rights.
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Talk Description.
Our panellists will be:
Neil Ritson, CEO of Leni Gas and Oil
Greg Coleman, MD of Petromall
Terry Quinn, Manager (EAME Region) of Geokinetics
I will pose two questions to begin with:
What are the best opportunities in the region?
Can we work there?
and then open a Q&A sesion. |
David Bamford is a geophysicist by background and an explorer by recent history, and is well known as both around the oil & gas industry. In addition to acting as a director or advisor to several small companies, including his own consultancy, he writes regularly for journals such as OilVoice, ROGTEC etc, and has recently co-founded OilVoice Forums as a vehicle for on-line communication in the oil & gas industry.
He is a non executive Director of Tullow Oil (since 2004, and is a member of the Audit, Nominations and Remuneration Committees).
With a PhD in Geological Sciences from the University of Birmingham, he has had over 23 years exploration experience with BP where he was Chief Geophysicist from 1990 to 1995, General Manager for West Africa from 1995 to 1998, and acted as Vice President, Exploration, directing BP's global exploration programme, from 2001 to 2003.
New Eyes Exploration
New Eyes Exploration, founded by David Bamford, explores new ways to discover Oil and Gas.
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